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Top Business Schools Form International Network

New Haven, Connecticut -- 21 globally recognized business schools have banded together to form a new group to connect faculty, students and deans.

Called the Global Network for Advanced Management, the objective of the group will be to "respond to the obvious economic trends in what many characterize as a flattening world," according to Edward Snyder, dean of the Yale School of Management.

A new degree program, called the Master of Advanced Management, will admit 12 - 15 graduates a Global Network schools for a one-year program of study at Yale.